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COREPLUS FEDERAL CREDIT UNION

Mar, 31, 2021 — COREPLUS FEDERAL CREDIT UNION is a federal credit union headquartered in Norwich, CT with 7 branch locations and about $284.24 million in total assets. Opened 85 years ago in 1936, COREPLUS FEDERAL CREDIT UNION has about 26,852 members and employs 67 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 211178598
Name:COREPLUS FEDERAL CREDIT UNION
Address:
(Main Office)
202 Salem Tpke
Norwich, CT 06360
Phone:(860) 886-0576
Fax:(860) 885-3538
Website:http://www.coreplus.org
Branches:7 branch locations
Members:26,852
Credit Union Type:Federal Credit Union
Charter Number:1148
Membership Type:Community credit unions, urban or rural, other than those designated 'low income'
Corporate Credit Union:No
Year Opened:1936
Last Audited:Dec 01, 2020
FHLB Member:Yes
Low Income Designation:No
Assets:$284,237,123
CEO/Manager:Nicholas K Fortson
Chairperson:Susan Dowling

Call Report

  • Commercial Loans
  • Credit Builder
  • Indirect Consumer Loans
  • Overdraft Lines of Credit
  • Overdraft Protection
  • Participation Loans
  • Pay Day Loans
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • Payday Alternative Loans (PAL Loans)
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • First Time Homebuyer Program
  • Health Savings Accounts
  • In-School Branches
  • Insurance/Investment Sales
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 28,681,881
TOTAL INVESTMENTS 63,219,488
Loans Held for Sale 1,060,800
 
 Real Estate Loans 69,064,142
 Unsecured Loans 20,315,858
 Other Loans 91,837,249
 TOTAL LOANS 181,217,249
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -1,307,707
 Land And Building 2,697,245
 Other Fixed Assets 1,219,001
 NCUSIF Deposit 2,399,723
 All Other Assets 5,049,443
  TOTAL ASSETS 284,237,123
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,400,024
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 52,901,337
 Regular shares 113,832,603
 All Other Shares & Deposits 95,432,206
  TOTAL SHARES & DEPOSITS 262,166,146
  TOTAL LIABILITIES 263,566,170
 Regular Reserve 2,931,294
 Other Reserves 143,588
 Undivided Earnings 17,596,071
  TOTAL EQUITY 20,670,953
  TOTAL LIABILITIES, SHARES, & EQUITY 284,237,123
INCOME & EXPENSE  
 Loan Income 1,710,809
 Investment Income 212,103
 Other Income 535,725
 Total Employee Compensation & Benefits 1,086,054
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,256,244
 Non-operating Income & (Expense) -13,221
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 45,000
 Cost of Funds 206,359
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 521,051
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